IDBI Bank Credit Cards: Rewards That Cost You Nothing

IDBI Bank, a PSU lender under LIC ownership, offers seven credit cards spanning lifetime-free, travel, and LIC co-branded RuPay cards.
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Credit Card
IDBI Royale Signature Credit Card
Lifetime-free entry-level card with quarterly lounge access and ₹25L air accident cover.
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Credit Card
IDBI Euphoria World Credit Card
Earns 6X points on travel bookings with 12 free lounge visits a year.
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Credit Card
IDBI Aspire Platinum Credit Card
Lifetime-free card with milestone bonuses on ₹1L and ₹2L annual spend.
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Credit Card
IDBI Imperium Platinum Credit Card
Secured FD-backed card offering up to 85% credit limit against your fixed deposit.
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Credit Card
IDBI Winnings RuPay Select Credit Card
RuPay Select card with domestic and international lounge access, plus birthday bonus points.
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Credit Card
LIC Lumine Credit Card (IDBI Bank)
Fully lifetime-free LIC co-branded card with milestone bonuses and personal accident cover.
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Credit Card
LIC Eclat Credit Card (IDBI Bank)
LIC co-branded card earning 2X points on premium payments, with lounge access and milestone bonuses.
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IDBI Bank Credit Cards Match Your Spending Style

IDBI Bank was established by the Government of India on July 1, 1964, as a development finance institution. Later, it became a commercial bank in 2004. It then entered the credit card market in 2014. IDBI Bank credit cards stand out for offering customized entry points based on your spending habits. It has gradually moved away from a one-size-fits-all approach. IDBI Bank’s credit card range offers you multiple ways to find value. 

Some have no cost associated with them, while others are geared more toward traveling, properties, etc. Some options offer lounge access, more lucrative rewards, or an FD-backed option to earn rewards. Thus, it's not just an issue of a low-cost credit card versus a high-priced one. The true value lies in finding the right fit between the card's price and features, and your spending habits. It is most useful at IDBI since the demanding card does not guarantee greater benefits.

IDBI’s Best Cards Don’t Chase One Spending Type

The core cards that IDBI offers address different purposes from zero-fee ownership to travel rewards and FD-backed access. A lower fee may catch your eye, but your wallet cares about the return on spend. Check the table below to see which card actually deserves a place in your pocket.

Credit Card

Best For

Annual Fee & Waiver

Main Value

Key Benefit

IDBI Royale Signature Credit Card

Premium lifestyle

Lifetime free

3 RP/₹100 + no joining fee

Domestic lounges + highest rewards

IDBI Winnings RuPay Select Credit Card

Budget-conscious entry

Lifetime free

2 RP/₹100 + 10% cashback (first 90 days)

No annual fee + lounge access

IDBI Aspire Platinum Credit Card

Secured/FD-linked access

Lifetime free

2 RP/₹150 + milestone rewards

FD-backed flexibility

IDBI Imperium Platinum Credit Card

Fixed deposit holders

₹499 + GST; waived at ₹75k spend

2 RP/₹150 + up to 85% credit limit

70% cash withdrawal from FD

IDBI Euphoria World Credit Card

Travel + dining rewards

₹1,499 + GST

4 RP/₹100 (travel/dining) + lounge access

Double rewards on premium categories

 

IDBI Sees What Other Banks Overlook

Thus, at the very beginning, IDBI Bank made a conscious decision not to go head-to-head with other banks on volume. Most banks issued 10 or more cards and hoped you would find them. IDBI Bank launched only seven credit cards. Each was planned to address a specific expenditure reality in India. If you wish to build up credit scores, then you don’t require a credit card as much as a company executive for your expenses. 

A fixed deposit holder doesn't have to undergo the process as a salaried person. Those who travel on a monthly basis do not have the same rewards structure as people who purchase groceries. Thus, owning IDBI credit cards is not just a design; it's a philosophy. All cards have a personality, and that is precisely why they stand out among banks that overlook it. 

Not Every IDBI Bank Credit Card Wins the Same Way 

There's no need to choose between credit card rewards and cost savings. IDBI Bank offers cards with both or neither. If you're a frequent traveler, have a fixed deposit lying around, or want things for free, there is a credit card that suits your wallet. So, read through below to understand why IDBI credit cards are the best for your pocket.

IDBI Royale Signature Credit Card and IDBI Aspire Platinum Credit Card never charge you an annual fee. You also don't pay any joining fee when you get these cards. But being free doesn't mean you get basic rewards. IDBI Royale Signature Credit Card still earns you 3 Delight Points for every ₹100 you spend. You also get one lounge visit every quarter at no extra cost.

IDBI Euphoria World Credit Card rewards you with 6 Delight Points per ₹100 when you book flights or eat at restaurants. That's exactly double what IDBI Royale Signature Credit Card gives you on those same transactions. On this card, you also get 12 lounge visits in a year without worrying about quarterly spending limits. So, if you spend ₹3 lakh in a year, you get an annual waiver of the ₹1,499 annual fee.

You can pledge an IDBI FD and get credit in no time, up to 85 percent of the fixed deposit amount. Hence, for instance, the credit from a fixed deposit of ₹20,000 is around ₹17,000. No tax documents or salary slips are required to show income. All a person has to do is save to qualify for credit.

IDBI Bank doesn't force you into one card that doesn't fit your life. You get to pick the one that actually works for your monthly spending habits. Each card solves a different problem based on your spending choices. So no single card has the spotlight; rather, based on your priorities your wallet can choose the best fit.

The Bank Opens Doors Beyond Just Your Salary 

IDBI offers several ways to qualify. If you are salaried and between 21 and 60, you can use salary slips or Form 16 to support your application. If you are self-employed, you can qualify up to age 65 with bank statements or ITRs. You must be at least 18 to get an add-on card.

IDBI Bank's Imperial Platinum credit card is an alternative option. You can get the credit card with a fixed deposit of at least ₹20,000, and you must be 18 years or older to qualify. The credit limit can be up to 85% of the deposit value. So, if someone deposits ₹20,000, they might be eligible for a credit limit of about ₹17,000. Thus, there are various financial profiles for which one can become eligible for credit from IDBI Bank.

Not All IDBI Points Cash Out the Same 

You can use your IDBI Delight Points for cashback, vouchers, travel, bill payments, and recharges. The cashback starts at 4,000 points, while service redemptions can begin at 1,000 points. Selected rewards currently work out to about ₹0.25 per point, with no redemption fee under the current MITC. Check the table below to see which redemption route offers your points the most value.

Redemption Rule

Current Value

Why it Matters

Cashback

~₹0.25/point

Direct statement value

Gift vouchers

~₹0.25/point on select vouchers

Useful brand redemptions

Travel

Live booking value

Compare against cash fare

Mobile/DTH

Live value

Everyday point use

Point validity

3 years

More time to redeem

Redemption fee

Nil

No value lost to fees

 

There's ample choice in IDBI, so you don't have to get one card for every use. When deciding between the two, it's better to choose the one that best suits your pocket. Don’t let the top credit cards in India claim to choose for you. Let the numbers do that; your spending pattern will take care of the rest.

Frequently Asked Questions

Q1: Which of the following is the best credit card from IDBI Bank?

You do not need to look at the credit card's price; the right IDBI Bank credit card is based on your spending. For instance, the IDBI Bank Royale Signature Credit Card is good for users who don't use the card, as it does not charge fees. On the other hand, the IDBI Bank Euphoria World Credit Card is good for travelers.

Q2. Which IDBI credit card has no lifetime fees?

IDBI Bank Aspire Platinum and Royale Signature credit cards have no annual fees. Just because something is free to keep doesn't mean there's no sugar on the ceilings; rewards and lounges are paramount.

Q3. Who can obtain an IDBI credit card?

There is a basic age limit from 21 to 60, or 65 if self-employed. IDBI Bank Imperium Platinum Credit Card provides an FD route for people aged 18 and above.

Q4. What is the annual fee charged on an IDBI Bank credit card?

The current annual fee for credit cards with IDBI ranges from ₹ 0 to ₹1499, depending on the card. There may also be an annual-spend waiver for the sticker at paid time.

Q5. What is the minimum amount required for an IDBI Bank credit card?

Unlike a savings account, there is no minimum account balance required for IDBI credit cards. The IDBI Bank Imperium Platinum Credit Card, on the other hand, calls for a fixed deposit of at least ₹20,000.